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Turn Setbacks Into Springboards

Ever experienced setbacks in your life or business?  Checkout this "featured post" from Mike Cooper of Cornerstone Business Group's.  This is very insightful.  Checkout Mike's Blog and leave him a comment.

The one thing I love about New Years is that it is a time to start over.  OK, you failed at your diet in 2011.  Instead of weight-loss it was weight-found, no problem.  Start over.  You didn't make the top ten agents in the US, your State, your office or your solo brokerage, no problem.  You get another chance.  You didn't make the top 30 under 30 list, no problem.  There's always the top 40 under forty list.  Begin again.

We all need points in our lives where we get another chance.  You can let life's failings derail and wreck your life, or you can pick yourself up and dust yourself off and start over.  When the economy crashed in September of 2008 my stock portfolio literally disappeared.  I had traded over 600 trades that year and was on my way to an early retirement.  My first impression on seeing the news was, "Wow, that really sucks!"  That was pretty much it.

It drives my wife crazy because I don't go crazy when things like that happen.  It wouldn't make a bit of difference if I did, but what I will do when I have more time in the office is re-establish all of my former brokerage accounts, and I will start again.  I know now, that you cannot be a trader like I was and be away from the markets for days on end.  If you do, you could end up with a negative balance in your account, and you can owe more than you invested in the stock market.  Lesson learned.

That's just one example, but we've all had setbacks.  We've all been hit so hard that we didn't think we could recover.  Maybe it was a divorce.  Maybe it was a business partner who ran off with all of the money.  Maybe it was the loss of a loved one, the end of a friendship or the alienation of a relationship.  It happens to all of us, but what we do with the pain will determine if the past controls the future. 

There are things you can do when you have setbacks that can help you not only get back on track, but they can put you on a better track.

  • What did you do wrong, if anything, in the failure?  In my day-trading days I know that I have to stay engaged all the time. You can't leave a half a million dollars on a park bench and assume it will be there when you get back.  It most likely will not.  Lesson learned.
  • What could you have done differently?  In a friendship relationship, it might be best not to spend too much time with a friend.  There is balance between what is healthy and what is unhealthy.  You can feel it down deep inside when it starts to turn unhealthy.  Listen to that inner voice. 
  • Don't set unrealistic goals and expectations.  Saying you're going to lose 50 lbs is a great goal if you need to, but it might be a bit overwhelming if you have a couple setbacks early.  Set smaller achievable goals.  When you meet them, they will inspire you to go just a little bit further.  Each success fuels the next success.
  • Talk less and listen more.  I was in a salvage yard years ago listening to a man blowing off about something.  Everyone was starring at him.  The poor guy behind the counter was making a host of apologies for whatever had offended the guy, but nothing would appease him.  Finally, the counterman asked me, "Mr. Cooper, what do you think?"  I simply said what was on my mind, "A fool is known by the multitude of his words."  The place went silent, and the bloviator left.  Problem solved for those of us listening. The company wasn't ever going to pacify him.  So, offending him was not a problem.  Listen more, talk less.
  • Approach some issues more slowly.  I'm a very fast moving person.  I make decisions very rapidly.  It's unnerving for some around me, but most issues have the answer peeking out of the issue.  If you're paying attention, you will see it.  Some do not.  In those cases, you need to proceed slowly.  If you're unsure about something, take your time.

Everyone faces setbacks at some point.  How you deal with them will determine if they have a hidden value or a heart full of pain.  Sometimes, they may have both, but in it all you can still grow and become a much wiser better person.

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Give me a call for all your real estate needs, and let's make something amazing happen. 

Mike Cooper @ Cornerstone Business Group, Inc., 888-722-6029

Real Estate Sales and Property Management

 

(Disclaimer:  All grammatical mistakes, punctuation breakdowns and misspellings are purely for your amusement and entertainment.  Feel free to cackle.)

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C. Lloyd McKenzie, MBA

Associate Broker

Berkshire Hathaway HomeServices

New Mexico Properties/Allstar, REALTORS

6739 Academy Rd. NE SU 200

Albuquerque, New Mexico 87109

(505)888-1700  Office

Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Comment balloon 3 commentsC. Lloyd McKenzie • December 27 2011 01:03AM

Comments

This is pretty profound stuff C.Lloyd.  What Mike says is very true but it's not easy to put these things in play once you've taken a few good punches in life.  All we can do is be aware of what we need to do and keep fighting the fight to do it right.  Thanks for the reblog.

Posted by Doug Bullwinkel, NMLS #281609 (Academy Mortgage Group) almost 6 years ago

LLoyd we all do face setbacks but as Mike stated it all depends on how the situation is dealt with.   Great time to reflect and make corrections.

May you have a successful 2012.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 6 years ago

Good Morning C Lloyd, important concepts to consider for 2012.  An excellent post to put back up again.

Best wishes for a very rewarding 2012!

Posted by Dan Edward Phillips, Realtor and Broker/Owner (Dan Edward Phillips) almost 6 years ago

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